Not sure how to use 1065 to show that the properties are existing with accumulated depreciation and accumulated passive suspended losses from Sch E in 1040.
You'll need to sign in or create an account to connect with an expert.
Before you file anything, please explain what type of LLC business do you have? Is it a sole-ownership LLC or partnership LLC. IRS definition of a single-ownership is treated as a disregarded entity for tax purpose. So, you would only file a 1040 with Schedule C. For partnership LLC, yes, you would file a 1065 return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
zbchristy501
New Member
robcarsmit
New Member
cynaguirre
New Member
cdogngeorge
Level 2
no-name1
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.